USTR says moving to terminate India trade retaliation after tax agreement

The U.S. Trade Representative's office said on Wednesday that it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.

USTR said the agreement between the U.S. Treasury and India's Finance Ministry applies the same terms agreed with Austria, Britain, France, Italy, Spain and Turkey, but with a slightly later implementation date.

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